MERLIN Properties SOCIMI (MRPRF) Set to Post Earnings on Thursday

MERLIN Properties SOCIMI (OTCMKTS:MRPRF) is expected to be issuing its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $0.1586 per share and revenue of $170.83 million for the quarter.

MERLIN Properties SOCIMI Stock Performance

Shares of OTCMKTS MRPRF opened at $13.00 on Tuesday. MERLIN Properties SOCIMI has a 52 week low of $12.74 and a 52 week high of $18.43. The firm has a 50-day moving average price of $13.76 and a 200 day moving average price of $16.22.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MRPRF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of MERLIN Properties SOCIMI in a report on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of MERLIN Properties SOCIMI in a report on Wednesday, September 23rd. Barclays downgraded MERLIN Properties SOCIMI from an “overweight” rating to a “reduce” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group upgraded MERLIN Properties SOCIMI from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

MERLIN Properties SOCIMI Company Profile

MERLIN Properties SOCIMI, SA is a Spanish real estate investment company organized under the SOCIMI, or Spanish REIT, regime. The company owns, develops and manages income-producing commercial properties, with a focus on office buildings, logistics facilities and shopping centers.

MERLIN’s portfolio is concentrated in Spain and Portugal, including major business and logistics markets such as Madrid, Barcelona and Lisbon. Its activities include leasing and managing properties for corporate tenants, developing and repositioning assets, and operating specialized real estate platforms, including data-center facilities.

Founded in 2014, MERLIN became one of Spain’s largest listed real estate companies through acquisitions and portfolio expansion across the Iberian Peninsula.